Qinetics to provide Hosted Domain Name Registry service for Democratic Republic of Congo (.cd)

Qinetics Solutions Berhad (Qinetics), the pioneer and leading domain name Registry solution in Asia has been granted the Registry Service Outsourcing by .cd Registry. The ‘.cd’ is the country code domain name for The Democratic Republic of Congo.

This appointment enhances Qinetics’ reputation as the global provider for the country code registries and poses strong endorsement of the potential and marketability of Qinetics’ homegrown technology and solution in the domain name industry.

KUALA LUMPUR — March 16, 2006 — Qinetics Solutions Berhad, a leading provider of business-to-business (B2B) outsourced registration services for domain names and enterprise solutions, today announced that it has been appointed as the Registry Service Outsourcing provider by the .cd Registry. The ‘cd’ is the country code top level domain (ccTLD) of The Democractic Republic of Congo. Under the appointment, Qinetics will provision, manage and operate the registry of .cd domain names on the revenue sharing basis for a period of 5 years.

With the engagement of Qinetics to be Registry Service Outsourcing provider, the Registry of ‘.cd’ is able jump-start their adoption of standard-based EPP (Extensible Provisioning Protocol) Shared Registry System (SRS). The hosted Registry model provides the Registry with the full-fledge registry functionalities and the highest standard of performance quality, at a fraction of cost.

In addition, the .cd Registry is able to leverage on Qinetics’ network of channels to market the ccTLDs to Qinetics’ 800 resellers worldwide. Amongst them are domain name Registrars, Internet Service Providers (ISPs), Hosting Service Providers (HSPs), Portals and e-commerce solution providers.

The provision of Registry Service Outsourcing is based on Qinetics’ RegistryASP Shared Registry-Registrar System (SRS) suite, which is a software infrastructure that is 100 percent homegrown and developed in Malaysia. Qinetics is the pioneer in Asia for SRS solution. The appointment of Registry Service Outsourcing for the .cd domain has enhanced Qinetics’ reputation as a global Registry service and solution player in this niche industry. Qinetics has earlier secured the development and maintenance of .hk Registry system by the Hong Kong government in 2005.

It is a strong endorsement of the potential and the marketability of our solution. We believe our dedicated research and development in the Registry solutions will elevate Qinetics to be a dominant provider to country-code registries in the world,’ said TK Tan, CEO of Qinetics. ‘The outsourcing engagement by the .cd Registry will provide Qinetics a long term and potentially robust growth in revenue stream. I anticipate that Qinetics will also secure additional country-code registries as early as next month,’ he added.

The latest report issued by VeriSign Inc. (NASDAQ:VRSN) shows that the ccTLD domain name market has established a promising track record of growth. The growth rate for the top ccTLDs has held steady at 2 percent per month over the past 18 months, with rates rising 23 percent overall in the past year. The three key factors that influence this surge in demand are the rising of Internet usage worldwide, increase in local language content and innovative distribution strategies.

Over 80% of the 250 country-based domain name Registries do not have a proper Registry setup, resulting a strong demand for cost effective solution for these registries to grow their registration numbers in both local and international market.